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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Medical Office Space
316 Main St, Rockwell, NC 28138-8471
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1422911
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
4,956 SF
Lot
2.45 ac (106,809 SF)
Zoning code
M1
APN
362 166
UPID
US53-1422911
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Novant Health Primary Care East Rowan Medical Clinic
-
Dr. Bradley S. Chotiner, MD Pediatrician Physician
-
Dr. Joseph A. Oliver III, MD Medical Clinic
-
Dr. Perry S. Agbuya, DO Pediatrician Medical Clinic
-
LeeAnne H. Broadway, FNP Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$640k
Owner & transaction history
Normandy Prtn LLC · 4 yrs held
Normandy Prtn LLC
since 2022
7 recorded transactions
Zoning & alternative use
M1 · Rockwell, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockwell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$700,000
Current use
COMMERCIAL (GENERAL)
$635,000
Change: -9% · Conversion: Easy
OFFICE BUILDING
$605,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,626
Tax year 2023
Assessed value
$829,421
Assessed 2023
Previous assessed
$724,456
+14.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$108,674
Assessed improvement
$720,747
Land market value
$108,674
Improvement market value
$720,747
Total market value
$829,421
Applied tax rate
109.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
1
Total area
4,956 SF
Lot
2.45 ac (106,809 SF)
Zoning code
M1
APN
362 166
UPID
US53-1422911
Jurisdiction
ROWAN
Zoning & alternative use
M1 · Rockwell, NC
Zoning M1 · permitted uses
M1 · Rockwell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockwell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$635,000
OFFICE BUILDING
Est. value
$605,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Normandy Prtn LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6000 FAIRVIEW RD STE #1200, CHARLOTTE, NC 28210-2252
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
—
Normandy Prtn LLC
Rowan Health Services Corp
Deed
—
Jan 19, 2022
$200,000
Nromandy Prtn LLC
Rowan Health Services Corp
Special Warranty Deed
—
Jan 16, 2020
—
Wake Rowan Med Dst
Wake Rowan Med Manager LLC
Special Warranty Deed
$2,265,410 · United Community Bank
Dec 23, 2019
$1,432,000
Wake Rowan Med Manager LLC
Mtcmr LLC
Special Warranty Deed
$2,265,410 · United Community Bank
Apr 10, 2019
$815,000
Mtcmr LLC
Hakim Bet Properties LLC
Special Warranty Deed
$672,000 · American National Bank & Trust Co
Mar 9, 2016
—
Martie Chotiner
Chotiner,bradley S
Quit Claim Deed
related
—
Apr 28, 2011
—
Hakim Bet Properties LLC
Chotiner,family Healthcare Pa
Grant Deed
$695,000 · Bank Of North Carolina
Aug 26, 2009
—
Bradley S Chotiner
Covington,billy R
Quit Claim Deed
related
—
Aug 19, 2009
—
Bradley S Chotiner
Covington,billy R
Grant Deed
related
—
Aug 3, 2009
$120,000
Chotiner Family Healthcare Pa
Corriher,jennings E & Shirley L
Warranty Deed
$173,000 · F & M Bank
Jul 31, 2009
$120,000
Chotiner,family Healthcare Pa
Corriher,shirley L
Grant Deed
$173,000 · F & M Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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